Current Affairs Quiz - April 2022

Notes:
Indian private sector lender Axis Bank has acquired the Indian consumer banking businesses of US bank Citigroup.
The sale includes businesses of credit cards, retail banking, wealth management and consumer loans for Rs 12,325 crore, as part of plans to exit its retail operations in 13 markets. The sale excludes Citi’s institutional client businesses in India.

 

Notes:
The Indian Ocean Naval Symposium (IONS) held its maiden Maritime Exercise 2022 (IMEX-22) at Goa and in Arabian Sea.
22 Observers from 15 IONS member navies, including Australia, Bangladesh, France, India, Sri Lanka, UAE and UK among others also participated in the exercise. IMEX – 22 was conducted in two phases with Harbour Phase at Mormugao Port, Goa from followed by a Sea Phase in the Arabian Sea.

Notes:
The Business Blasters programme of the Delhi government provides Class 11 and Class 12 students with seed money worth Rs 2000 each for developing business ideas.
Delhi Chief Minister Arvind Kejriwal said that the Delhi government’s business blasters programme should be implemented in colleges and universities. This is to ensure that the entrepreneurial ideas of the students shall be encouraged after school education.

Notes:
Odisha celebrates the 86th foundation day of the state on April 1, known as ‘Utkal Divas’. It is on the same day that the state became independent in the year 1936.
Utkal Divas, also known as Odisha Day and Utkala Dibasa, commemorates the struggle which gained a separate identity for the state.

Notes:
SEBI Chairperson Madhabi Puri Buch launched the ‘Manthan’, a six-week long ideathon, in association with various institutions including BSE, NSE, NSDL, CDSL, KFintech, CAMS, LinkInTime and MCX.
It will facilitate the creation of a set of ideas and innovative solutions related to the securities market in India.

Notes:
The venture capital fund (VCF) scheme was implemented by the Ministry of Social Justice and Empowerment to help aspiring entrepreneurs belonging to SCs and OBCs new businesses. As the performance of the scheme is not satisfactory, the Ministry is set to launch a “mentorship” programme.
Named the ‘Ambedkar Young Entrepreneur-Mentor’ (AYE-Mentor) programme, the IFCI Venture, which is the VCF manager, will empanel businessmen or heads of companies or veterans of banking and financial institutions, as ‘mentors’.

Notes:
A draft recommendation on ‘Biodiversity and health’ was released during the Convention on Biological Diversity, held in Geneva.
It will be the key focus area of the post-2020 global biodiversity framework. The convention, a part of the United Nations Environment Programme (UNEP), was held physically after two years. It involved discussions to address the need and provide guidance for the One Health approach.

Notes:
Directorate General of Foreign Trade, under the aegis of the Ministry of Commerce and Industries is responsible for the Foreign Trade Policy (DGFT) of India.
Recently, the DGFT announced that the existing Foreign Trade Policy 2015-20, which is valid upto March 31, 2022 is extended up to September 30, 2022. After the outbreak of Covid-19, the policy was first extended by a year to the end of March 2020.

Notes:
Tata Neu is the super app of India’s leading conglomerate Tata Group, to bring together all of its digital services and apps on a single platform.
Various digital services of the Tata Group from AirAsia India, Air India, Taj Group, BigBasket, 1mg, Croma and Westside will be possible through Tata Neu app.

Notes:
Andhra Pradesh Chief Minister Y.S. Jagan Mohan Reddy digitally inaugurated 13 new districts in the state, taking the total number to 26.
All the new districts have come into effect from April 4. The state government issued the official gazette notification for creating 13 new districts under the AP Districts Formation Act, Section 3(5).